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discriminating auction (D4)<br />A form of sale with discrimination based on price. The bids are ranked from the highest. Each bidder pays what has been bid until the good or service auctioned is sold out.
Marshallian short period (D2)<br />The period of time in which output can only be increased by using existing factor supplies more intensively.
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<strong>DL</strong> – Direct Loan Program, a federal student loan program through which the U.S. Department of Education loans money directly to students and parents rather than having the loans funded by private lenders, as in the case of the FFEL Program. Direct lending is codified in federal regulations within 34 CFR 685.
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fiscal rectitude (H3)<br />A strict fiscal policy of cutting public expenditure and reducing the amount of government borrowing, usually with the aim of keeping a national budget in balance or surplus for several years. This policy has often been recommended by the INTERNATIONAL MONETARY FUND to correct balance of payments deficits.
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